For example, if a comparable has carpet throughout and they are at a value that's the top of the market, it wouldn't make sense to do LVP throughout the house unless you have other reasons that make sense financially. 

What are the differences between them (Asking Price, Property Value, size, market, Cash Flow, etc...).  20 miles is like across the globe when comparing properties. 

Price per sq is almost double the price for the beach house compare to the Kissimmee.

San Antonio is much slower compared to Austin and Dallas.

I decided to keep the property because once I decided that I would not be able to take the net gains from the sale and invest into anything with comparable returns. 

Appraisals use comparable sales within the last 6 months.

In nice areas such as Gilroy, CA, you may find that the property appreciates more year-over-year and that vacancies are lower compared to some OOS properties (but never rely just on passive appreciation). 

@Javaras Thomas, for a 5+ units the ARV is based on income not on comparable sales.What is a typical cap rate for a property like that in your market.

Both and compare.

Compare your findings and choose the one that aligns with your goals and values.